Genex Power Ltd. (AU:GNX) has released an update.
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Genex Power Limited has announced the court-approved acquisition of the company by J-POWER Nominee, a subsidiary of Electric Power Development Co., Ltd. (J-POWER), at A$0.275 per share. The scheme is anticipated to take effect on July 22, 2024, with trading of Genex shares on the ASX to be suspended following the implementation. Shareholders are set to receive the agreed cash consideration by July 31, 2024, marking the finalization of the acquisition process.
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